The Japanese government has unveiled its support for the development of coal-fired power worldwide, by providing an annual investment of $4 billion. The move is neglecting calls from the Obama administration and global environmental groups to reduce public funding for carbon-intensive coal.
read more... 24/07/2014
Crude oil prices increased on Wednesday, as oil inventories in the U.S. dropped more than predicted and as geopolitical tensions in Eastern Europe and the Middle East continued. Brent crude for September delivery boosted 70 cents to close at $108.03 and continued to rebound in post-settlement trade to hit $108.19 at 3:48 p.m. EDT (1948 GMT), while U.S. crude for September delivery boosted 73 cents to $103.12 a barrel.
read more... 24/07/2014
Onshore wind power is proved to be the cheapest form of electricity generation in Denmark, according to a new research study released by the Danish Energy Agency (DEA).
read more... 23/07/2014
Siemens, the German multinational engineering and electronics conglomerate company, has hit 10GW of installed wind capacity in the Americas, installing more than 5,600 wind turbines in Canada, the USA and South America, including Peru, Chile and Brazil.
read more... 22/07/2014
French electricity giant EDF has agreed to curb electricity prices for the country’s most energy-intensive factories to make them more competitive than their counterparts in Germany and North America, where power prices are lower.
read more... 22/07/2014